Oiltanking Partners LP (FRA:4OT) Tax Expense : €1.1 Mil (TTM As of Sep. 2014)

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What is Oiltanking Partners LP Tax Expense?

Oiltanking Partners LP's tax expense for the months ended in Sep. 2014 was €0.3 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2014 was €1.1 Mil.

Oiltanking Partners LP Tax Expense Historical Data

The historical data trend for Oiltanking Partners LP's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oiltanking Partners LP Tax Expense Chart

Oiltanking Partners LP Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Tax Expense

7.19

8.68

-16.35

0.44

0.79

Oiltanking Partners LP Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Tax Expense	Get a 7-Day Free Trial											0.29	0.28	0.22	0.30	0.27

Oiltanking Partners LP Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.1 Mil.

Oiltanking Partners LP (FRA:4OT) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Oiltanking Partners LP Tax Expense Related Terms

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Oiltanking Partners LP (FRA:4OT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.oiltankingpartners.com

Oiltanking Partners LP is a Delaware limited partnership formed in March 2011. The Company engages in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. Its terminal assets are strategically located along the upper Gulf Coast of the United States. At December 31, 2013, the Company had nearly 22 million barrels of total active storage capacity at its Houston and Beaumont facilities. These integrated facilities are strategically located and directly connected to 23 key refining, production and storage facilities along the Gulf Coast and the Cushing, Oklahoma storage interchange through dedicated and common carrier pipelines. In addition, its facilities provide its customers deep-water access and international distribution capabilities. The Company provides services to integrated oil companies, distributors, marketers and chemical and petrochemical companies, typically under long-term commercial agreements that include minimum volume commitments and inflation escalators. It operates as a third-party crude oil and refined petroleum products terminals on the Houston Ship Channel. It provides integrated terminaling, storage, pipeline and related services for third-party companies engaged in the production, distribution and marketing of crude oil, refined petroleum products and liquefied petroleum gas. The Company faces competition from a variety of international, national and regional energy companies, including large, diversified midstream partnerships, global terminal operators and large multi-national energy companies of varying sizes, financial resources and experience. The Company's operations are subject to stringent federal, state and local laws and regulations governing the release of materials into the environment, health and safety aspects of its operations, and otherwise relating to the protection of the environment. Compliance with these laws and regulations may require the acquisition of permits to conduct regulated activities; restrict the type, quantities and concentration of wastes or other pollutants that may be emitted, discharged or disposed into or onto to the land, air and water; apply specific health and safety criteria addressing worker protection; and impose liabilities for pollution from operations.

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